It was a blissful weekend for most altcoins, as the positive comments from the Federal Reserve in the US positioned crypto assets as viable investment options. Ripple climbed past its $3 psychological barrier, and it has since held fast.
The XRP price prediction is still cautious, as fundamental analysis could be clashing with technicals at the moment. On the flip side, Remittix is planning a takeover in the PayFi sector, and Ripple could see some stunting while the new altcoin surges.
There are interesting weeks ahead; here’s more on the XRP price prediction.
Ripple Price: Analysts Are Unsure Of Forecasts
It is rare to find a period where a DeFi token is in the green and predictions are still not quite clear on the future of the token. Such is the case on Ripple, where the recent bullish surge is still coming across as mixed signals.
The XRP price managed to breach its psychological resistance at $3, but it’s not done much more than that. In fact, it seems to have shed some value in the past 24 hours, as the token trades at $2.99.
Ripple has also accumulated significant Open Interest, which should be positively impacting the XRP price prediction. The XRP futures reached $1 billion in OI on Monday, a record on CME, but there’s some bad news too.
Retail traders and whales are exiting their Ripple positions, and that’s why the XRP price prediction is looking bearish. The whales are headed for bigger prospects on other token projects, and Remittix is one of the top picks in the market.
It’s about to be a battle of PayFi tokens, and Remittix is tipped to win. Here’s why.
Remittix: Utility For Traders To Drive Token Price
The Remittix project is filling a need gap in the crypto market, particularly in the payments sector, with its utilities. Top among the features is the crypto-fiat bridge, which will allow for direct token withdrawals into fiat bank accounts.
We’ve had projects like Ripple and Stellar dominating the sector for years, but none has successfully brought a direct payment line from crypto to fiat. With Remittix, crypto traders will find more use for their tokens. From tuition fee payments to business deals, Remittix users will be able to use their tokens to pay directly without any need for intermediaries.
The Remittix Web3 wallet is where the crypto-fiat bridge will be functioning, and it is built on Ethereum’s network. Users will have access to perks like faster throughput, more secure transactions, and reduced gas fees.
With utilities like that, one can expect that Remittix will become a payment hub soon after launch. And that’s why everyone is jumping on the project.
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Website: https://remittix.io
Socials: https://linktr.ee/Remittix
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This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
